In addition to working as a whole to raise funds, all of the members are very responsible and active. One of the them is Maria, who works making women’s clothing. She works in her living room, fulfilling the requests that she receives so she can her help her family with household expenses. Her goal is to work hard in order to finish her home.
Maria is requesting a loan to buy paint for the living room and to pay for the labor since she wants to make some improvements in her sewing workspace.
Ademas realizan trabajos en conjunto para recaudar fondos, todas son muy responsables y activas, una de ellas es la señora Maria quien se dedica a la cofección de ropas para damas.
Ella trabaja en su salon de acuerdo a los pedidos que recibe, asi ella puede ayudar a su familia con los gastos de la casa.
Su objetivo es la de trabajar mucho para terminar su vivienda.
Ella solicita el prestamo para la compra de pinturas para el salón y pago de mano de obra ya que quiere hacer algunas mejoras en su taller de costura.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid